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The Curious Case of Security Interests in FCC Licenses

New York Law Journal

December 6, 2012

In their Secured Transactions column, Alan M. Christenfeld, senior counsel at Clifford Chance, and Barbara M. Goodstein, a partner at Mayer Brown, write: The struggles of secured lenders to convince bankruptcy courts that proceeds of the sale of an FCC license are original collateral, and, in particular, that a lien on such collateral has attached pre-petition, are highlighted in two recent federal court decisions.

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